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To: Trebor who wrote (2183)11/19/1998 2:47:00 PM
From: Math Junkie   of 15132
 
<<I thought by identifying the block of stock I wanted to sell (the block I've held the longest or paid the most for) I could do this buy-then-sell transaction in less time than 31 days.>>

That only works if the block you identify has a low enough basis that you will not be selling it at a loss. You can avoid a wash sale in the period 30 days before to 30 days after a purchase by not having a loss, or by selling all your shares of that security by the end of the year.

-Richard
(Not a tax professional - consult a tax professional for authoritative advice)
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